IEA Reports Highest Oil Inventory Increase Since 2020, Lowers 2026 Demand Forecast

Published: Feb 12, 2026 17:40

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The International Energy Agency reported that last year's oil inventory increase reached the highest level since 2020. It has revised down the global oil demand forecast for 2026 from 105 million barrels per day to 104.9 million barrels per day.

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